https://www.taxtmi.com/caselaws?id=759874 ITAT Raipur held that reassessment under section 147 was invalid due to non-issuance of notice under section 143(2). The tribunal emphasized that valid notice under section 143(2) is mandatory for framing valid assessment, citing SC precedents in Hotel Blue Moon and Laxman Das Khandelwal cases. The revenue's argument to cure the defect under section 292BB was rejected. The assessment was quashed for lack of valid jurisdictional assumption, with the tribunal ruling in favor of the assessee. en-us Mon, 30 Sep 2024 00:00:00 +0530 Wed, 09 Oct 2024 17:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759874 ITAT Raipur held that reassessment under section 147 was invalid due to non-issuance of notice under section 143(2). The tribunal emphasized that valid notice under section 143(2) is mandatory for framing valid assessment, citing SC precedents in Hotel Blue Moon and Laxman Das Khandelwal cases. The revenue's argument to cure the defect under section 292BB was rejected. The assessment was quashed for lack of valid jurisdictional assumption, with the tribunal ruling in favor of the assessee. Case-Laws Income Tax Mon, 30 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759874